Iraq sells bonds to local citizens for the first time since 2003
Iraq sells bonds to local citizens for the first time since 2003
Thursday 21-01-2016 | 7:08:44
Twilight News / said Iraqi Minister of Finance Thursday that Iraq intends to sell bonds to local citizens for the first time since 2003, and were expected to issue worth five trillion dinars ($ 4.24 billion) this year, with the country’s progress to meet the growing budget deficit.
Minister Hoshyar Zebari told a news conference in Baghdad that the bonds of which three years will be issued at a price of ten percent interest and will be sold to “citizens and employees.”
Iraq already issued treasury bills to local banks and has a list of international bonds.
(Dollar = 1180 Iraqi dinars)
ara.shafaaq.com
